Ningbo Zinc Market: Insufficient upward momentum for spot discounts

Mainstream transaction prices for 0# zinc in Ningbo were around 24,850-25,200 yuan/mt, with conventional brands in Ningbo quoted at discounts of 60 yuan/mt against the 2406 contract and premiums of 20 yuan/mt against Shanghai spot prices, with mainstream quotes in Ningbo against the 2406 contract. In the first trading period, Yongchang was quoted at discounts of 60 yuan/mt against the 2406 contract, and Huize Yongchang at premiums of 80 yuan/mt against the 2406 contract; in the second trading period, traders' quotes remained flat compared to the previous period. The Ningbo market had sufficient spot supply, and recent high spot prices led to poor downstream purchasing, with insufficient upward momentum for spot discounts. Traders' quotes remained stable, and downstream continued to restock as needed, with no significant improvement in overall spot transactions.